Sunoco LP (SUN) Position Maintained by Trellus Management Company LLC

Trellus Management Company LLC held its stake in Sunoco LP (NYSE:SUN) during the third quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the company’s stock at the end of the third quarter. Trellus Management Company LLC’s holdings in Sunoco were worth $435,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Texas Yale Capital Corp. purchased a new stake in Sunoco during the second quarter worth $2,282,000. Van ECK Associates Corp increased its stake in Sunoco by 2.8% in the second quarter. Van ECK Associates Corp now owns 119,242 shares of the company’s stock worth $3,571,000 after buying an additional 3,296 shares during the period. Burnham Asset Management Corp NY increased its stake in Sunoco by 22.0% in the second quarter. Burnham Asset Management Corp NY now owns 48,360 shares of the company’s stock worth $1,448,000 after buying an additional 8,710 shares during the period. First Heartland Consultants Inc. purchased a new stake in Sunoco during the second quarter worth $439,000. Finally, Raymond James & Associates increased its stake in Sunoco by 105.1% in the second quarter. Raymond James & Associates now owns 30,361 shares of the company’s stock worth $909,000 after buying an additional 15,560 shares during the period. 37.40% of the stock is owned by institutional investors.

Shares of Sunoco LP (NYSE:SUN) traded down 0.30% during mid-day trading on Wednesday, hitting $26.68. The stock had a trading volume of 2,689,399 shares. The stock has a market capitalization of $2.99 billion, a P/E ratio of 18.66 and a beta of 0.60. Sunoco LP has a 52 week low of $21.01 and a 52 week high of $37.25. The stock has a 50 day moving average of $25.44 and a 200-day moving average of $27.98.

A number of brokerages recently weighed in on SUN. Citigroup Inc. began coverage on Sunoco in a research note on Friday, September 23rd. They issued a “neutral” rating and a $30.00 price objective on the stock. Mizuho began coverage on Sunoco in a research note on Thursday, September 29th. They issued a “neutral” rating and a $31.00 price objective on the stock. Zacks Investment Research downgraded Sunoco from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Vetr downgraded Sunoco from a “buy” rating to a “hold” rating and set a $28.25 price objective on the stock. in a research note on Wednesday, January 4th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $34.00 price objective on shares of Sunoco in a research note on Friday, December 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.56.

About Sunoco

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors.

Want to see what other hedge funds are holding SUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunoco LP (NYSE:SUN).